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Segment Reporting (Tables) | 3 Months Ended
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Sep. 30, 2024
Segment Reporting [Abstract] |
Schedule of Financial Information by Segment | The following tables summarize selected financial information of our operations by segment and reconciles segment profit to consolidated earnings (loss) before income taxes for the periods presented ($000):
| Three Months Ended September 30, |
| 2024 |  | 2023 |  |
Segment revenue |  |  |  |  |
Networking | $ | 762,872 |  |  | $ | 472,849 |  |  |
Materials | 237,427 |  |  | 244,640 |  |  |
Lasers | 347,836 |  |  | 335,594 |  |  |
Total segment revenue | 1,348,135 |  |  | 1,053,083 |  |  |
Intersegment revenue |  |  |  |  |
Networking | 14,427 |  |  | 12,887 |  |  |
Materials | 132,168 |  |  | 87,742 |  |  |
Lasers | 1,564 |  |  | 639 |  |  |
Unallocated | (148,159) |  |  | (101,268) |  |  |
Total intersegment revenue | — |  |  | — |  |  |
Segment profit |  |  |  |  |
Networking | 140,276 |  |  | 67,193 |  |  |
Materials | 96,647 |  |  | 57,815 |  |  |
Lasers | 68,785 |  |  | 52,900 |  |  |
Total segment profit | 305,708 |  |  | 177,908 |  |  |
Unallocated Corporate items: |  |  |  |  |
Corporate and centralized function costs (1) | (73,102) |  |  | (45,535) |  |  |
Share-based compensation | (35,478) |  |  | (44,524) |  |  |
Restructuring costs (2) | (24,364) |  |  | (3,018) |  |  |
Integration, site consolidated and other costs (3) | (25,702) |  |  | (33,074) |  |  |
Amortization of intangibles | (71,862) |  |  | (72,662) |  |  |
Start-up costs | — |  |  | (403) |  |  |
Interest expense | (66,644) |  |  | (73,258) |  |  |
Other (income) expense, net | 10,749 |  |  | 6,269 |  |  |
Earnings (loss) before income taxes | $ | 19,303 |  |  | $ | (88,297) |  |  |
Expenditures for property, plant, and equipment |  |  |  |  |
Networking | $ | 48,686 |  |  | $ | 17,493 |  |  |
Materials | 33,796 |  |  | 40,512 |  |  |
Lasers | 9,502 |  |  | 4,192 |  |  |
Total expenditures for property, plant, and equipment | $ | 91,984 |  |  | $ | 62,197 |  |  |
Segment assets and reconciliation to total assets |  |  |  |  |
Networking | $ | 3,495,881 |  |  | $ | 3,200,796 |  |  |
Materials | 2,911,978 |  |  | 2,027,164 |  |  |
Lasers | 7,536,963 |  |  | 7,569,884 |  |  |
Corporate and shared services | 754,478 |  |  | 723,454 |  |  |
Total assets | $ | 14,699,300 |  |  | $ | 13,521,298 |  |  |
(1)We do not allocate corporate and centralized function costs that are not directly attributable to our operating segments. (2)See Note 17. Restructuring Plan for further information. (3)Integration and site consolidation costs in the three months ended September 30, 2024 include $12 million consulting costs related to projects to integrate recent acquisitions into common technology systems and simplify legal entity structure, $9 million of manufacturing inefficiencies, employee severance and retention costs and duplicative labor related to sites being shut down as part of our 2023 Restructuring Plan or Synergy and Site Consolidation Plan, $4 million charges for products that are end-of-life and $1 million of severance related to the retirement of executives. Integration and site consolidation costs in the three months ended September 30, 2023 include $17 million of manufacturing inefficiencies, employee severance and retention costs and duplicative labor related to sites being shut down as part of our 2023 Restructuring Plan or Synergy and Site Consolidation Plan, $7 million consulting costs related to projects to integrate recent acquisitions into common technology systems and simplify legal entity structure, $7 million charges for products that are end-of-life, including inventory, production equipment to produce those products and $2 million of severance related to the retirement of executives.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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